CHINA DATACAST<08016> - Results Announcement (Q2, 2003, Summary)

China Data Broadcasting Holdings Limited announced on 22/7/2003:
(stock code: 08016)

Year end date                         :31/12/2003
Currency                              :HKD
Auditors' report                      :N/A
Review of 2nd Quarterly Report by     :Audit Committee

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com

                                           (Unaudited)       (Unaudited)
                                               Current              Last 
                                                           Corresponding
                                                Period            Period
                                         from 1/1/2003     from 1/1/2002
                                          to 30/6/2003      to 30/6/2002
                                                 $'000             $'000

Turnover                              :            731            24,060
Profit/(Loss) from Operations         :        (3,907)             (909)
Finance cost                          :            N/A               N/A
Share of Profit/(Loss) of Associates  :            N/A               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :        (3,715)             (786)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :   (HKD 0.0117)      (HKD 0.0025)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        (3,715)             (786)
2nd Quarterly Dividends per Share     :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarterly Dividends :            N/A
Payable Date                          :            N/A
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       

                                           For and on behalf of
                                  China Data Broadcasting Holdings Limited
                     Signature :
                          Name :               Simon Shum
                         Title :           Company secretary

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

Remark:

1. Loss per share

The calculation of basic loss per share is based on
the net loss attributable to shareholders for the six months
ended 30 June 2003 of HK$3,715,000 (2002: HK$786,000)
and the weighted average of 318,000,000 (2002: 318,000,000) 
ordinary shares in issue during the period.

Diluted loss per share for the six months ended 30 June 2002
and 2003 have not been calculated as the impact of the
outstanding share options was anti-dilutive.